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Cut, Cap And Balance Act
The proposed Cut, Cap and Balance Act of 2011 () was a bill put forward in the 112th United States Congress by Republicans during the United States debt-ceiling crisis of 2011, 2011 U.S. debt ceiling crisis. The provisions of the bill included a cut in the total amount of federal government spending, a cap on the level of future spending as a percentage of Gross domestic product, GDP, and, on the condition that Congress pass certain changes to the U.S. Constitution, an increase in the United States public debt#Debt ceiling, national debt ceiling to allow the federal government to continue to service its debts. The bill had the support of Republicans and much of the Tea Party movement. It passed the United States House of Representatives, U.S. House of Representatives on July 19, 2011, but was rejected by the President and the Senate. The Senate voted to table the bill on July 22. Barack Obama, President Obama had promised to veto the bill had it proceeded further. History The House ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
112th United States Congress
The 112th United States Congress was a meeting of the legislative branch of the United States federal government, from January 3, 2011, until January 3, 2013. It convened in Washington, D.C., on January 3, 2011, and ended on January 3, 2013, 17 days before the end of the Presidency of Barack Obama, presidential term to which Barack Obama was elected in 2008. Senators elected to regular terms in 2006 completed those terms in this Congress. This Congress included the last House of Representatives elected from congressional districts that were apportioned based on the 2000 United States Census, 2000 census.Senate Calendar for January 20, 2012 In the 2010 United States elections, 2010 midterm elections, the Republican Party (United States), Republican Party won ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Debt-ceiling Crisis Of 2011
In 2011, ongoing political debate in the United States Congress about the appropriate level of government spending and its effect on the national debt and deficit reached a crisis centered on raising the debt ceiling, leading to the passage of the Budget Control Act of 2011. The Republican Party, which gained control of the House of Representatives in January 2011, demanded that President Obama negotiate over deficit reduction in exchange for an increase in the debt ceiling, the statutory maximum of money the Treasury is allowed to borrow. The debt ceiling had routinely been raised in the past without partisan debate or additional terms or conditions. This reflects the fact that the debt ceiling does not prescribe the amount of spending, but only ensures that the government can pay for the spending to which it has already committed itself. Some use the analogy of an individual "paying their bills." If the United States breached its debt ceiling and were unable to resort t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Public Debt
The "national debt of the United States" is the total national debt owed by the federal government of the United States to treasury security holders. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the Treasury and other federal agencies. Related terms such as "national deficit" and "national surplus" most often refer to the federal government budget balance from year to year and not the cumulative amount of debt held. In a deficit year, the national debt increases as the government needs to borrow funds to finance the deficit. In a surplus year, the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back Treasury securities. Broadly, US government debt increases as a result of government spending and decreases from tax or other funding receipts, both of which fluctuate during a fiscal year. The aggregate, gross amount that Treasury can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tea Party Movement
The Tea Party movement was an American fiscally conservative political movement within the Republican Party that began in 2007, catapulted into the mainstream by Congressman Ron Paul's presidential campaign. The movement expanded in response to the policies of Democratic President Barack Obama and was a major factor in the 2010 wave election in which Republicans gained 63 House seats and took control of the U.S. House of Representatives. Participants in the movement called for lower taxes and for a reduction of the national debt and federal budget deficit through decreased government spending. It urges the return of government as intended by some of the Founding Fathers. It also seeks to teach its view of the Constitution and other founding documents. Scholars have described its interpretation variously as originalist, popular, or a unique combination of the two. Reliance on the Constitution is selective and inconsistent. Adherents cite it, yet do so more as a cultur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States House Of Representatives
The United States House of Representatives is a chamber of the Bicameralism, bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of the United States Constitution, Article One of the Constitution of the United States, U.S. Constitution to pass or defeat federal legislation, known as Bill (United States Congress), bills. Those that are also passed by the Senate are sent to President of the United States, the president for signature or veto. The House's exclusive powers include initiating all revenue bills, Impeachment in the United States, impeaching federal officers, and Contingent election, electing the president if no candidate receives a majority of votes in the United States Electoral College, Electoral College. Members of the House serve a Fixed-term election, fixed term of two years, with each seat up for election before the start of the next Congress. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Born in Honolulu, Hawaii, Obama graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Paul
Ronald Ernest Paul (born August 20, 1935) is an American author, activist, and politician who served as the U.S. representative for Texas's 22nd congressional district from 1976 to 1977, and again from 1979 to 1985, as well as for Texas's 14th congressional district from 1997 to 2013. On three occasions, he sought the presidency of the United States, first as the Libertarian Party nominee in 1988, and then as a candidate for the Republican Party in 2008 and 2012. A self-described constitutionalist, Paul is a critic of several of the federal government's policies, especially the existence of the Federal Reserve and tax policy, as well as the military–industrial complex, the war on drugs, and the war on terror. He has also been a vocal critic of mass surveillance policies such as the Patriot Act and the NSA surveillance programs. In 1976, Paul formed the Foundation for Rational Economics and Education (FREE), and in 1985 was named the first chairman of the cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michele Bachmann
Michele Marie Bachmann (; née Amble; born April 6, 1956) is an American politician who was the United States House of Representatives, U.S. representative for from 2007 until 2015. A member of the Republican Party (United States), Republican Party, she was Michele Bachmann 2012 presidential campaign, a candidate for president of the United States in 2012 United States presidential election, the 2012 election, but dropped out after the 2012 Iowa Republican presidential caucuses, Iowa Caucus. Born in Waterloo, Iowa, Bachmann moved to Brooklyn Park, Minnesota, as a teenager. She graduated from Oral Roberts University's O. W. Coburn School of Law and the William & Mary Law School. After graduating, she briefly worked in tax law for the Internal Revenue Service before becoming a housewife, stay-at-home mother. She became involved in local politics, specifically around education. Bachmann formally entered politics in 2000, when she was elected to the Minnesota Senate. In 2006, she w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patient Protection And Affordable Care Act
A patient is any recipient of health care services that are performed by healthcare professionals. The patient is most often ill or injured and in need of treatment by a physician, nurse, optometrist, dentist, veterinarian, or other health care provider. Etymology The word patient originally meant 'one who suffers'. This English noun comes from the Latin word , the present participle of the deponent verb, , meaning , and akin to the Greek verb ( ) and its cognate noun (). This language has been construed as meaning that the role of patients is to passively accept and tolerate the suffering and treatments prescribed by the healthcare providers, without engaging in shared decision-making about their care. Outpatients and inpatients An outpatient (or out-patient) is a patient who attends an outpatient clinic with no plan to stay beyond the duration of the visit. Even if the patient will not be formally admitted with a note as an outpatient, their attendance is stil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harry Reid
Harry Mason Reid Jr. (; December 2, 1939 – December 28, 2021) was an American lawyer and politician who served as a United States Senate, United States senator from Nevada from 1987 to 2017. He led the Senate Democratic Caucus from 2005 to 2017 and was the Senate Majority Leader from 2007 to 2015. After earning an undergraduate degree from Utah State University and a Juris Doctor degree from George Washington University, Reid began his public career as the city attorney for Henderson, Nevada, before being elected to the Nevada Assembly in 1968. Gubernatorial candidate Mike O'Callaghan, Reid's former boxing coach, chose Reid as his running mate in 1970 Nevada gubernatorial election, 1970; following their victory Reid served as the 25th lieutenant governor of Nevada from 1971 to 1975. After being defeated in races for the United States Senate and List of mayors of Las Vegas, mayor of Las Vegas, Reid served as chairman of the Nevada Gaming Commission from 1977 to 1981. From 1983 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balanced Budget Amendment
A balanced budget amendment or debt brake is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government. Balanced-budget provisions have been added to the constitutions of Germany, Hong Kong, Italy, Poland, Slovenia, Spain and Switzerland, among others, as well as to the constitutions of most U.S. states. In the United States, the Republican Party has in the past advocated but no longer advocates for the introduction of a balanced budget amendment to the United States Constitution. Balanced budget amendments are defended with arguments that they reduce deficit spending and constrain politicians from making irresponsible short-term spending decisions when they are in office. Research shows that balanced budget amendments lead to greater fiscal discipline. However, there is substantial agreement among economists that ''strict annual'' balanced budget amendments have harm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
